Praveen Someshwar, presently the CEO of PepsiCo – Beverages, would take over as CEO for PepsiCo Foods, a position rendered vacant after the surprise and unexpected exit of Varun Berry from the position earlier in Feb 2012. Gautham Mukkavilli, Senior VP (Global Nutrition Group) – PepsiCo Asia, Middle East and Africa based in Dubai, would…
Category: News
HP Announces Organizational Realignment
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PALO ALTO, Calif., March 21, 2012 HP today announced an organizational realignment to improve performance and drive profitable growth across the entire HP portfolio. As part of this realignment, HP’s Imaging and Printing Group (IPG) and its Personal Systems Group (PSG) are joining forces to create the Printing and Personal Systems Group. The combined entity…
Shell appoints Nitin Prasad as the new country head for India
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Shell Lubricants, the global market share leader in finished lubricants announced the appointment of Mr. Nitin Prasad as the new country head – India, Shell Lubricants. Mr. Prasad will be replacing Mr. Donald Anderson, who served this position for the last 3 years. Shell Lubricants is looking forward to further its focus on growth, through…
Updated: New Top Team at Tech Mahindra & Mahindra Satyam merged entity
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Merger of Tech Mahindra & Mahindra Satyam
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The Boards of Directors of Tech Mahindra Limited (“Tech Mahindra”) and Satyam Computer Services Limited, (“Mahindra Satyam”), in their respective meetings held today, approved a proposal to merge Mahindra Satyam with Tech Mahindra along with certain wholly owned subsidiaries of Mahindra Satyam and Tech Mahindra. The Tech Mahindra & Mahindra Satyam merger heralds the creation…
HDFC Bank appoints Donald D’Souza as Head of Equity Capital Markets – Investment Banking Division
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HDFC Bank, the second largest private sector bank in the country, has appointed Mr. Donald D’Souza as its Head of Equity Capital Markets in the Investment Banking division. Mr. D’Souza will be responsible for building the equity capital markets business that includes origination and execution of capital raising mandates. He will report to Mr. Rakesh…
Deutsche Bank raises the capital base of India operations to over Rs. 5500 cr
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Deutsche Bank, the German banking leader and a key global player in the investment banking space has increased the capital base for its India operations by Rs. 450 crore. This increase in capital is expected to fuel its growth plans, and the move is seen at the banks increasing focus on the Indian market. The…
Deutsche Bank appoints Gunit Chadha, as co-CEO for Asia Pacific
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Indian Railways to recruit about 100,000 in 2012-13
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Indian Railways one of the world’s largest employers, with over 1.3 million employees plans to recruit about 100,000 people during 2012-13 fiscal. This was communicated by Railway Minister Dinesh Trivedi while presenting the ministry’s budget to parliament.
Jaguar Land Rover to create 1000 jobs in its British facility
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Jaguar Land Rover plans to create additional 1,000 positions at its Halewood factory in Merseyside, Britain, increasing the manpower at the facility to about 4500. The production would also move to a three shift, 24 hour-a-day operation at the facility. The Halewood production facility in Merseyside manufactures Range Rover Evoque and Freelander 2. These changes…
PubMatic acquires mobile technology firm MobiPrimo
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PubMatic has acquired MobiPrimo – a company founded by Samir Karande in 2010. MobiPrimo was recognized by Red Herring as top 100 companies in Asia, shortlisted for Red Herring top 100 global companies in 2011. Following the acquision, PubMatic has become the first strategic selling platform to provide native, cross-device support for premium publishers. 8th…
Educomp appoints Sanjay Jain (ex Tulip Telecom) as its Group CEO
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Educomp has appointed Sanjay Jain, the former CEO of Tulip Telecom, as its Group Chief Executive Officer. Educomp Chairman and MD Shantanu Prakash, on the appointment: “The next phase in the evolution of Educomp is the phase of growth with consolidation of operations. I am delighted to bring in a CEO to strengthen the leadership…
India Power Corp. appoints Anup Bhargava as Managing Director
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India Power Corporation (IPCL) has appointed Mr. Anup Bhargava as Managing Director with effect from 1st March 2012. Mr. Bhargava, holds a Bachelors Degree in Electrical Engineering (Honours) from the Aligarh Muslim University, and has over 24 years of rich experience in the power industry. He has worked with various organisations, including BHEL, GE Power…
Mitsubishi may set up its small car manufacturing facility in India.
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Mitsubishi Motors Corporation (MMC) may be exploring the option at setting up its small cars manufacturing hub in India. MMC presently does not have any representation in the small car market. The small car market accounts for about 70 per cent of all vehicle sales in India. This segment has been seeing lots of activity…
Rainer Jueckstock promoted as CEO of Federal Mogul, Jose Maria to retire.
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Federal-Mogul Corp – the leading auto parts supplier has announced that its Chief Executive Jose Maria Alapont will retire at the end of this month. Rainer Jueckstock, the senior vice president of Federal Moguls Powertrain Energy business unit, would take over as the new CEO effective 1st April 2012. He will also join the company’s…